Two Independent Directors Cease on Completion of Tenure

Two Independent Directors of the company have ceased to hold office with effect from 27th September, 2026 (EOD).

Mon 28 Sep 2026

Directors Ceased

Mr. Kuldip Narain Gupta and Mrs. Kiran Raghuvinder Singh

Cessation Effective Date

27th September, 2026 (EOD)

Reason for Cessation

Completion of tenure as Independent Directors

Regulatory Update

Regulation 30 of SEBI LODR

What was shared

The company intimated BSE (Scrip Code 505712) that the tenure of two Independent Directors has been completed, and they have consequently ceased to be Directors with effect from 27th September, 2026 (EOD).

Who has ceased

• Mr. Kuldip Narain Gupta, Independent Director
• Mrs. Kiran Raghuvinder Singh, Independent Director

Stated reason

The update specifies the cessation is upon completion of their respective tenure as Independent Directors and is not on account of resignation, removal or any other reason. The annexure repeats the same reason for both directors and marks the appointment-related fields (brief profile, relationships between directors) as not applicable, since this is a cessation and not an appointment.

How investors may read it

Independent Directors in India serve for fixed terms, so an exit at the end of a term is a scheduled event rather than a surprise. Because the company has explicitly stated there is no disagreement, resignation or removal involved, this is generally viewed as a routine change in board composition. Investors who track governance may watch for subsequent announcements on how the Board and its committees are reconstituted, as listed companies must maintain the prescribed number of Independent Directors and related committee structures.

The intimation was made under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, and was signed by the Company Secretary & Compliance Officer.

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